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Nov 17 - 03:55 PM

AUD/USD - Bulls Shrug Off US Yield Moves

By Christopher Romano  —  Nov 17 - 01:35 PM
  • NY opened near 0.6495 after pair rallied 0.64525-0.65125 overnight

  • Pair slid early NY as US yieldsUS2YT=RR lifted on US housing data

  • AUD/USD dipped below 0.6490 then neared 0.6510 late, was up +0.58%

  • USD/CNH drop below 7.2200, copper HGv1 & equity ESv1 gains buoyed

  • AUD/USD sat near the 38.2% Fib of 0.6895-0.6271 late & techs leans bullish

  • Rising RSIs and hold above 10-DMA & daily cloud highlight upside risks

  • Remarks from RBA's Bullock, minutes of RBA meeting are risks early next week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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